Finance

Grayscale’s Solana Gamble: Can Fee Waivers and Staking Surge Ignite GSOL’s Appeal?

Grayscale’s GSOL will waive fees and expand staking to 100% of holdings amid Solana‘s rising user activity.

byAndres Castro

November 6, 2025, 10:58 AM

The Solana logo shines with an energetic green light, representing future finance technology. By MDL.

Executive Summary

Grayscale Investments is waiving management fees for its Grayscale Solana Trust (GSOL) for up to three months or until AUM reaches $1 billion, and expanding staking to 100% of holdings.

This initiative aims to attract investors by enhancing GSOL’s appeal and passing a greater share of staking rewards directly to shareholders.

The move coincides with Solana’s robust network growth, including a 36% increase in unique active users, reinforcing its position as a prominent blockchain platform.

The Story So Far

Grayscale Investments is strategically waiving management fees and expanding staking for its Solana Trust to attract investors and enhance competitiveness within the burgeoning Solana investment product market, capitalizing on Solana’s robust network fundamentals, including low transaction costs, high throughput, and a significant surge in unique active users.

Why This Matters

Grayscale’s strategic move to waive fees and expand staking for its Solana Trust (GSOL) aims to significantly boost its appeal and competitiveness, directly responding to Solana’s surging network activity and user growth. This initiative could intensify competition among Solana investment products, potentially drawing more institutional and retail capital into the Solana ecosystem and setting a new standard for investor-friendly structures within the evolving crypto trust market by directly enhancing shareholder returns.

Who Thinks What?

Grayscale Investments believes that temporarily waiving management fees and expanding staking participation to 100% of its Grayscale Solana Trust (GSOL) holdings will enhance the fund’s appeal and attract investors.

Solana network users, developers, and institutions demonstrate growing adoption and sustained conviction, evidenced by a 36% increase in unique active users and recognition of its low transaction costs and high throughput.

More Crypto Online analysts suggest that Solana’s price is navigating a corrective ABC structure, with potential targets at $150, $160, and $201 if current support holds, or lower support zones if it fails.

Grayscale Investments has announced a significant strategic move to enhance the appeal of its Grayscale Solana Trust (GSOL), temporarily waiving management fees and expanding staking participation to encompass 100% of the fund’s holdings. This initiative aims to attract investors amid Solana’s surging user activity and renewed market confidence.

Fee Waiver and Enhanced Staking Program

The fee waiver will remain in effect for up to three months or until GSOL’s assets under management reach $1 billion, whichever comes first. Additionally, Grayscale has lowered staking-related costs, allowing for a greater share of rewards to be passed directly to shareholders.

Currently, GSOL offers a 7.23% staking reward rate, with returns efficiently distributed through its diversified validator system. Grayscale stated that the Solana Trust has been staking its holdings since early October, even prior to becoming an exchange-traded product.

Solana’s Network Fundamentals

Solana continues to be recognized as one of the most active proof-of-stake blockchains, distinguished by its low transaction costs and high throughput. Recent data from Solana Sensei indicates a 36% increase in unique active users on the network, rising from 2 million to 2.7 million, signaling growing adoption among developers and institutions.

At the time of reporting, Solana was trading near $159, reflecting a modest recovery after a period of decline. The network’s expanding user base suggests sustained conviction among long-term holders despite recent price volatility.

Technical Outlook and Market Sentiment

Analysis from More Crypto Online suggests that Solana’s price is navigating a corrective ABC structure on its daily chart. The asset recently found support and rebounded from the 61.8% Fibonacci retracement level, approximately $138.

Should this support hold, buyers may target resistance levels at $150 and $160, with a potential test of $201. Conversely, a failure to maintain above $138 could expose lower support zones at $125 and $117.

Key Takeaways

Grayscale’s decision to waive fees and expand staking for its Solana Trust underscores a concerted effort to boost competitiveness and investor returns in the burgeoning Solana investment product market. This move coincides with Solana’s robust network growth and increasing user engagement, reinforcing its position as a prominent blockchain platform.